- Alaska car insurance averages $1,338 per year for a full coverage policy, or around $112 on a monthly basis.
- When compared to West region states, Alaska ranks #6 out of 11 states for auto insurance affordability and ranks 22nd for the entire U.S.
- The cheapest car insurance quotes in Alaska tend to be found on compact SUVs like the Subaru Crosstrek, Chevrolet Trailblazer, Nissan Rogue Sport, and Hyundai Kona.
- Average rates for popular 4-wheel drive and AWD models include the Subaru Forester at $1,156 per year, the Toyota Tacoma at $1,240 per year, and the Honda CR-V at $1,168 per year.
How much does car insurance cost in Alaska?
Car insurance for the average vehicle in Alaska costs $1,338 per year, or about $112 per month, which is 14.6% less than the U.S. average rate of $1,567.
Weather in Alaska is unpredictable, so 4-wheel drive and AWD vehicles are popular choices. Average car insurance rates for some of the more popular vehicles include:
- Toyota Tacoma – $1,240 per year ($103 per month)
- Toyota 4Runner – $1,302 per year ($109 per month)
- Toyota RAV4 – $1,262 per year ($105 per month)
- Subaru Forester – $1,156 per year ($96 per month)
- Subaru Crosstrek – $1,074 per year ($90 per month)
- Subaru Outback – $1,226 per year ($102 per month)
- Ford F-150 – $1,292 per year ($108 per month)
- Chevrolet Silverado – $1,436 per year ($120 per month)
- Ram 1500 – $1,530 per year ($128 per month)
- Honda CR-V – $1,168 per year ($97 per month)
The chart below shows average car insurance rates in Alaska for the 2022 model year. Annual cost is included for driver ages 20 through 60 and for three different physical damage deductible amounts ($250, $500 and $1,000).
|Driver Age||Deductible||Annual Cost||Monthly Cost|
Rates in the chart above range from $1,010 per year for a 60-year-old driver with $1,000 deductibles to $3,074 per year for a 20-year-old driver with much lower $250 deductibles. For the same data, the average cost of car insurance per month in Alaska ranges from $84 to $256.
Car insurance quotes for teenage drivers in Alaska are not shown in the chart, but plan on paying considerably more to insure a 16 to 19-year-old. Average rates range from $3,358 per year for a 19-year-old female driver up to $4,790 per year for a 16-year-old male driver.
How does Alaska car insurance compare to other states?
When compared to other northwestern states, Alaska car insurance rates are 4.9% less than Oregon, 4.4% less than Wyoming, 9.8% less than Montana, 11.3% more than Idaho, and 15.5% less than Washington.
The chart below shows how auto insurance cost in Alaska compares to the other ten West region states. Alaska ranks sixth overall for the region for average car insurance affordability.
|West Region States||Average Insurance Cost||Annual Difference|
Nationally, Alaska ranks 14th for overall cheapest average car insurance rates. The average cost of car insurance in Alaska is 38.5% more expensive than North Carolina, 23.3% cheaper than California, 4.9% cheaper than Oregon, 39.9% cheaper than Florida, and 1.3% cheaper than Arizona.
Which vehicles have cheap car insurance in Alaska?
Small SUVs like the Mazda CX-5, Nissan Kicks, and Chevrolet Trailblazer tend to have the cheapest car insurance rates in Alaska. The Mazda CX-5 ranks #1 overall, costing an average of $1,016 per year for full coverage insurance.
Other models that rank well for affordable car insurance in Alaska include the Subaru Crosstrek, Toyota C-HR, and Buick Encore. For pickups, the cheapest model to insure in Alaska is the Chevrolet Colorado, costing an average of $1,100 per year and ranking in the top 20 overall.
The cheapest small, midsize, and full-size luxury car insurance can be found on the Acura ILX at $1,228 per year, the Mercedes-Benz A220 at $1,312 per year, and the BMW 330i at $1,412 per year.
Luxury SUVs cost slightly more to insure than their car counterparts, and the most affordable models to insure in Alaska are the Acura RDX at $1,146 per year, the Cadillac XT4 at $1,174 per year, and the Volvo XC40 at $1,288 per year.
The table below takes every model from the 2022 model year and ranks the top 75 by average insurance cost to find the models that are most affordable.
Car insurance cost for popular Alaska vehicles
The chart below shows average car insurance quotes in Alaska for not only the ten vehicles we featured earlier in the article, but also an additional 15 models.
Out of these 25 vehicles, only the top nine cheapest models up to and including the Ford F150 pickup made the table of the 75 cheapest vehicles to insure shown above.
The table icon below the chart allows you to view both annual and monthly average car insurance rates for all 25 vehicles.
|Make/Model||Annual Rate||Monthly Rate|
|Hyundai Santa Fe||$1,396||$116|
|Jeep Grand Cherokee||$1,476||$123|
Alaska car insurance rates by city
Shown in the list below are average annual and monthly car insurance costs for some of the larger cities in the state of Alaska. Visit any page to view detailed rate information, including average cost by automotive segment, rates by driver risk profile, and the vehicles with the cheapest car insurance quotes in each city.
- Anchorage Car Insurance - $1,458 per year or $122 per month
- Fairbanks Car Insurance - $1,288 per year or $107 per month
- Juneau Car Insurance - $1,038 per year or $87 per month
- Sitka Car Insurance - $1,030 per year or $86 per month
- Ketchikan Car Insurance - $1,006 per year or $84 per month
- Wasilla Car Insurance - $1,278 per year or $107 per month
Additional insights into car insurance in Alaska
It’s challenging to write one article that includes enough data to properly illustrate how variable car insurance rates are without being overwhelming. The list below includes a few additional points that can impact the cost of insurance not only in Alaska, but any state.
- The higher deductible you choose, the lower the policy cost. Increasing the physical damage deductibles on your policy from $500 to $1,000 could save around $236 per year for a 40-year-old driver and $456 per year for a 20-year-old driver. Just be sure you have financial resources available to cover the extra cost in case of a claim.
- Conversely, lowering deductibles makes car insurance more expensive. Lowering your comprehensive and collision deductibles from $500 to $250 could cost an additional $244 per year for a 40-year-old driver and $856 per year for a 20-year-old driver. Since lower deductibles mean less out-of-pocket expense with a claim, you’ll pay more for the policy.
- Alaska car insurance is cheaper for safe drivers. Too many at-fault accidents can cost more, as much as $616 per year for a 30-year-old driver and even $428 per year for a 50-year-old driver. Avoid accidents and you’ll save money.
- Younger drivers pay higher rates. The difference in average car insurance cost between a 50-year-old driver ($1,214 per year) and a 20-year-old driver ($2,650 per year) is $1,436, or a difference of 54.2%.
- Earn policy discounts to save money. Discounts may be available for things like driving a vehicle with safety or anti-theft features, insuring multiple vehicles on the same policy, being accident-free, being a military or federal employee, or many other discounts which could save the average driver $72 or more each year.
- Improve your credit for cheaper car insurance. Drivers who maintain a credit score over 800 could save up to $210 per year when compared to a credit rating of 670-739. Conversely, a not-so-perfect credit rating could cost around $244 more per year.